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At 31, she is thought to be one of the youngest female self-made billionaires ever.

The market response will act as a litmus test for investments in companies founded by women. Today, women account for just 7.4% of Fortune 500 CEOs — an all-time high but still a staggeringly low figure. Female founders of public companies number even fewer. Nasdaq estimates that just 20 of today's active U.S. public companies were led through IPO by their female founder. Female funding drops as global deals rise The problem is not a lack of women entrepreneurs, but rather a lack of support where it matters: Funding. In a 2018 study, Boston Consulting Group found a "clear gender gap in new ...

On the diversity front, 2020 may prove a tipping point Since Minneapolis police officers killed George Floyd in May and kicked off months of nationwide protests, the corporate world — including venture capitalists — have attempted to respond to the Black Lives Matter movement. Indeed, many quickly took to social media to voice their support, broadcast their new diversity-focused networking groups and pledge to do better, particularly when it comes to finding and funding more Black founders and other underrepresented entrepreneurs. As of 2018, 81% of venture firms still lacked a single ...

This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Allison Baum is a general partner at early stage VC fund SemperVirens. She previously worked as an early employee at General Assembly and on the trading floor at Goldman Sachs.  For years, women have been bearing a heavy double burden of performing at work while taking on the majority of family responsibilities, leading 865,000 women to leave the workforce back in September 2020.   Baum says employers need to deploy resources to support women at work, bec...

Over 40% of women in tech say they've been harassed by a boss or investor, according to new report CNBC 12/17/2020 © Provided by CNBC More than three years after the #MeToo hashtag sparked conversations about sexual harassment in the workplace, more than 40% of women who are tech employees or founders say they've recently experienced harassment from a boss or an investor, according to a report from Women Who Tech. The organization, which includes a network of women-led startups, investors and allies working to increase diversity and funding in the tech space, found that many women in the ...